After briefly dipping below the turquoise target range of €245.60 to €228.40, Rheinmetall's stock price has rebounded into this zone. We now believe it has set the low for the magenta wave (iv at this point. Consequently, a substantial increase to €320 is anticipated.
2 areas marked (green rectangle) where i plan to buy for the long term. Not sure if those area will be reached with the current sentiment but i dont want to buy without a retrace.
+ aswell on a retake of the blue line as shown with the blue arrow
Targets:
Closing 20% of the position every 25% of stock increase
Fundamentals:
- Increase of military budget...
The ascending triangle points to a potential increase in the value of Rheinmetall's stock. These indicators include a bullish trend in the stock's price over the past several months, positive momentum, and strong support levels. Additionally, historical data shows that Rheinmetall's stock tends to perform well during times of military threats or escalations, which...
